By : Franyi Sarmiento, Ph.D., Inspenet, July 27, 2022
The hydrocarbon-producing entities in Bolivia entered net profits worth 1,319 million Bolivians (about 237 million dollars) in 2021, an official authority reported this week.
The state-owned Bolivian Fiscal Petroleum Deposits (YPFB) together with nine subsidiary companies produced the fuels that generated these profits, despite the crisis caused by the Covid-19 pandemic, assured its president, Armin Dorgathen.
These new resources are reinvested in the productive chain of the hydrocarbon sector to contribute to economic reactivation and improve the quality of life of the Bolivian family, Dorgathen indicated in an official bulletin.
The income, he explained, comes from the commercialization of natural gas, the conquest of new external markets for finished products such as liquefied gas, as well as urea and fertilizers destined for Brazil, Argentina, Peru and Paraguay.
Dorgathen highlighted that the profits were originated by the Headquarters, together with subsidiaries such as Transport, Transierra, GasTrans, Compañía Eléctrica Central Bulo Bulo, Logistics, Aviation, Chaco, Andina and Refining.
YPFB SA is a Bolivian state-owned company that operates mainly in the Oil and Gas sector, through key contracts, projects and shareholders.
This PetrolNews portal material has been edited for clarity, style, and length.
Photo : Image by John R Perry from Pixabay
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